Business

2022 REPORT: Savannah Energy Records 20% Increase in Nigerian Operations as Renewable Energy Drive Continues

Savannah Energy PLC, the British independent energy company focused reported an impressive performance as stated in its audited results for the year ended 31 December 2022. The results showed Savannah’s total revenues grew 26% to US$290.4 million (from US$230.5m in 2021), ahead of previously issued guidance of US$215m. Adjusted EBITDA likewise rose 27% to US$222.4m […]

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Business

Nestle Nigeria and LBS Sustainability Centre Opens Application for 2023 Media Capacity Building Programme

Nestle Nigeria, LBS Sustainability Centre Open Application for 2023 Programme to Equip Journalists for Nutrition, Health and Environment Reportage Nestle Nigeria and Lagos Business School Sustainability Centre (LBSSC) have announced the opening of applications for the 2023 Edition of the specialised programme series for Journalists named ‘Nestlé Advancing Nutrition, Health and Environmental Awareness through the […]

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Business

Dangote Cement Gets Thumbs-up from NBTE as Female Truck Drivers Join Crew

For their strict compliance to rules and regulations governing road usage, the Dangote Cement Plc, Transport division, has quadrupled the enrollment of female truck drivers into the Dangote Articulated Truck Driving School, just as the National Board for Technical Education (NBTE) gave Dangote Cement Plc a thumbs-up over the establishment of the school The Dangote […]

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Business

NAICOM and NITDA Mulls Partnership to Tackle Cyber Security in Nigeria’s Insurance Sector

The National Information Technology Development Agency (NITDA) is exploring partnership and collaboration with the National Insurance Commission (NAICOM) on how to institutionalise Cyber Security Insurance in the country. The Director General of NITDA, Kashifu Inuwa who led the Agency’s management team to the Commission on a courtesy visit reiterated the fact that the insurance cover […]

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Business

Dangote Still Leads as ‘Most Admired Brand’ in Africa, Second on Sustainability List of 100

For the sixth consecutive year, the Dangote brand has been adjudged as the Most Admired African Brand among top 100 brands in the continent. Dangote, as the most Admired African when respondents are prompted to recall an African brand specifically was followed by the Telecommunication outfit, MTN in the second position and the Digital Satellite […]

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Business

MTN Signs Up for United Nations Women Empowerment Principles

ICT firm, MTN Nigeria has signed the United Nations Women Empowerment Principles (UN WEPs) as part of its commitment to gender equality in the workplace through the Nigeria2Equal programme spearheaded by the Nigerian Exchange (NGX) and International Finance Corporation. Established in 2010, by the United Nations Global Compact and United Nations Women, the Women’s Empowerment […]

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Business

Danbatta to Receive National Productivity Order of Merit Award for Outstanding Industry Contributions

The National Productivity Center, (NPC) will be conferring on the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, the esteemed National Productivity Order of Merit (NPOM) Award. The announcement was made in an advertorial signed by the Director General of the National Productivity Center, Dr. Nasir Olaitan Raji-Mustapha, heralding Danbatta’s exceptional […]

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FinTech

MFS Africa Crowned ‘Fintech of the Year’ in Egypt at African Banker Awards

Nigeria’s fintech, MFS Africa has been crowned fintech of the year at the in Sharm El Sheikh in Egypt. The fintech connects enterprises, mobile money operators, money transfer operators, banks, non-bank financial institutions, and online and offline merchants to each other and to more than 400 million mobile money wallets in over 35 African countries. […]

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Business

MTN Tops List of 100 African Brands Amid Rising Profile of Non-African Brands Entrenched Position

The MTN Group brand emerged the number one African brands despite African brands regressed 20% from a 10-year high of 17% to 14% share of the Top 100 most admired brands in Africa. However MTN dropped out of the Top 10, and all African brands lost ground, except Zambia’s Trade Kings, the highest African mover […]

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Business

Dangote Refinery to Generate $21b and Boost Youth Employment by Over 100,000 Jobs

Amid encomium from eminent personalities, which included President Mohammadu Buhari and five other African heads of state, President of the pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote disclosed today that the newly commissioned 650,000pbd refinery would employ over 100,000 Nigerians youths as well as generate over $21 billion, therefore saving the country huge forex, […]

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